Sarah-Jane Joel/Getty Images Key takeaways A deed of trust is a legal agreement used in real estate transactions in which a third party — the trustee — holds the title to the property until the borrower repays the mortgage. A mortgage is a similar agreement, but it doesn’t involve a…
Dependent life insurance is a type of life insurance you may not have encountered, but which could be good to investigate. Life insurance is designed to provide financial resources in the event that the insured person — often the policyholder — dies while the policy is in force. Dependent life…
Maria Korneeva/ Moment/ Getty Images Store credit cards have some advantages over general-purpose credit cards. They’re often easier to qualify for, which is handy if you’re working to establish your credit. You can also earn extra rewards and benefits at the places you shop at the most. The downside is…
Warren Buffett is arguably the greatest investor of all-time and has created massive amounts of wealth for Berkshire Hathaway shareholders. Buffett announced in May that he would step down as CEO of the conglomerate at the end of 2025, leaving many investors wondering — who will be the next Warren…
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Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
San Francisco-based Chime, the largest digital bank in America, wants to go public at a price between $24 and $26…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
A practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that…
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If you thought meme stocks had ridden off into the sunset, think again. Shares of companies such as Krispy Kreme and Kohl’s saw unusual surges starting in mid-July. The frenzy earned the “DORK” label for the companies that saw their shares jump: Krispy Kreme (DNUT),…
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Images by Getty Images; Illustration by Bankrate When you’re working hard to build financial security, deciding to spend thousands of dollars on a…
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OBSERVATIONS FROM THE FINTECH SNARK TANK JPMorgan Chase notified fintech data aggregators that, starting later this year, it plans to charge for access…
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Key takeaways Specific savings goals work better than vague intentions to “save more money” — define exactly what you’re saving for. Setting deadlines and breaking large goals into smaller monthly targets makes them more achievable. Creating separate accounts for each goal helps you track progress and avoid spending savings on…
Key takeaways Interest checking accounts pay interest on your balance, unlike traditional checking accounts that typically earn nothing. These accounts often require higher minimum balances or specific requirements like direct deposits to earn the advertised rates. Average monthly fees are higher ($15.45) than regular checking accounts, but you can often…
Gold has long been a popular way to invest, and the shiny yellow metal has delivered periods of attractive returns, especially during times of economic stress. Gold’s ability to act as a store of value is well known, but it’s also gone through periods — even decades — where the…
Social Security is a key source of income for millions of retirees. And knowing what the average Social Security check looks like at age 66 can help you plan more effectively. For those born before 1960, their full retirement age (FRA) is between 66 and 67. While those born after…
Key Takeaways Mobile check deposit lets you deposit checks by taking photos with your smartphone instead of visiting a bank branch or ATM. Most major banks offer this feature through their mobile apps, including Chase, Bank of America and Capital One. Banks typically set daily or monthly limits on mobile…
A financial advisor can have a major impact on your finances — both for good and bad. The best financial advisors can help you stick to a long-term investing plan that meets your investment goals over time, while the worst advisors are more likely to put you in investments that…
Winning the lottery is life-changing. Of course, odds are you won’t — the chance of hitting a Powerball jackpot is 1 in 292 million. For context, your odds of being struck by lightning over a lifetime are about 1 in 15,000. But if you are lucky enough to catch lightning in…
Key takeaways Factor rates are a fixed fee multiplied by the entire loan up front, which means that you’ll pay the entire fee even if you pay the loan off early To compare loans with traditional interest rates and factor rates, you’ll need to convert factor rates to interest rates…
If you’ve ever read through your policy, you’ll typically see several kinds of coverage listed. One of these is hazard insurance, which just covers damage to the physical structure of your home. The rest of your home insurance policy provides coverage for things like your personal property and liability. You…
Here’s what it could mean for Trump’s ongoing battle with Powell Powell has taken much of the heat from President Donald Trump, but he’s not the only Fed official believing the U.S. central bank should leave interest rates alone. At Federal Open Market Committee (FOMC) meetings, 12 officials get a…
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